Tax Tip #200

Question: If someone offers you $1,000 that you can receive within 21 days or within 6 to 8 weeks, which would you choose?

Well, these are the options the IRS offers for tax refunds. A federal tax return that shows a refund can either be directly deposited into the taxpayer’s bank account, or it can be mailed to the taxpayer. On average, one takes 6 to 8 weeks and the other within 21 days. You can figure out which is which.

Tired of waiting for your tax refund? Provide Goldstein & Loggia with your bank account and routing number and a team member will update your tax return so the wait time is reduced the next time you have a tax refund.